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Bearer bond
noun
Definitions
Noun
- 1 A negotiable loan instrument payable to its holder (bearer) by the issuer according to preset conditions. The owner must safeguard bearer bonds to prevent loss; interest is usually paid by coupon redemptions.
- 2 a bond issued with detachable coupons that must be presented to the issuer for interest payments wordnet
See also for "bearer bond"
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Unscramble this word: bearerbond